Estimate Federal Employee Withholding For 2018 - 2019
By using an IRS federal tax withholding estimator you can determine if you need to (as and employee) give your employer a new W-4 Form, Employee's Withholding Allowance Certificate to avoid having too much or too little federal income tax withheld from your paychecks.
You can use the results from the estimator to easily fill out the W-4 form in order to make any adjustments necessary to your paycheck withholdings.The IRS tax withholding tables are great tools to help update your payroll tax rates per IRS Publication 15, (Circular E), Employer's Tax Guide. The charts include federal withholding (income tax), FICA tax, Medicare tax and FUTA taxes to help you make accurately calculated adjustments as necessary.
Your paycheck withholding is calculated to help your stay on plane with the Internal Revenue Service during the year since not keeping in tune can cost you in tax penalties or interest.
Estimate IRS Federal Paycheck Withholding
TurboTax W-4 Paycheck Withholding Estimator
If it looks like your going to be receiving a larger than normal refund at the end of the year based on your current withholdings, you may want to make an adjustment that will increase your weekly take home pay instead.
Estimate those W-4 withholdings now and get things adjusted as needed!
Use our website to calculators to estimate federal tax data as needed. It's FREE to determine any Internal Revenue Service tax adjustments you should make.
Should You Make An Adjustment To Your Employee Paycheck Withholding’s This Year?
Each tax season there are thousands of tax filers that are surprised by a bigger refund than they expected, or shocked by a big end of year tax bill. This is when they realize that they have either had too much withheld from their paychecks, or they did not have enough withheld and ended up owing a big year end tax bill.
It is never a pleasant event to discover that you will end up owing another lump sum payment to the IRS. On the other hand, getting a great big refund from giving Uncle Sam just means you gave him an interest free loan from your over-payments.
Estimate W-4 Withholding Every Year
You should be using the IRS withholding calculator at least once every year to help you determine whether you are likely to be on proper target to for ending up as close to even at the end of the year Uncle Sam based on your current payroll withholding exemptions.
If the prediction you come up with is leaving you way ahead or behind on tax payments, you can make some adjustments to your W-4 form and resubmit it to your employer for an adjustment to your paycheck withholding.
Choosing the optimal withholding exemptions will ensure you don't have way too much or way too little deducted from each paycheck leaving a you way ahead or way behind. Use the W-4 calculator to estimate the proper amount that should be withheld.